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Porsche Rolls Out Icertis Contract Management platform

Monday 10th August, 2020

Icertis a leading provider of enterprise contract management in the cloud has announced that Porsche AG, part of the Volkswagen Group is rolling out the Icertis Contract Management (ICM) platform as its enterprise-wide contract management software.

The platform is currently being deployed across an additional 18 organisational units of Porsche AG and will be used by more than 2,000 users to manage over 100 different agreement types – from development to real estate contracts.

“The correct handling of contracts is an essential component of Porsche AG's success” said Dr. Melanie Schenk, legal counsel, Porsche AG. “ICM now enables transparent integration of all relevant departments in the process of contract coordination. It also supports the departments in contract processing, e.g. through the possibility of digital signing, deadline checks and a file that can be traced at any time.”

This announcement marks an expansion of Porsche AG’s relationship with Icertis. The company initially selected the ICM platform in 2018 to manage its indirect procurement contracting. Due to the rapid implementation and a widely configurable platform, Porsche AG decided to roll out ICM.

Samir Bodas, CEO and Co-founder, Icertis said, “To maintain efficiency in competitive and performance-driven industries, forward looking companies are reimagining their commercial foundations with contracts at the centre. We’re thrilled Porsche AG is expanding its relationship with us and will leverage the ICM platform across its organisation to unlock the true value that only an enterprise-wide approach to contract management can deliver.”

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